- Default claims & Loss Analysis are downstream functions of Default Mortgages, these expenses incurred to maintain a property, these expenses recovered through a sale of the property. The reconciled expenses and statement of claims submitted to Onshore for final submission. The said claims to be submitted within the claim due date.
- Loss Analysis is downstream function of claims. The expenses submitted through claims rejected and consolidated and reconciled in Loss Analysis process.
- Should have good knowledge of the Default Mortgages, Default Claims, Loss Analysis.
- Demonstrates excellent judgment with work typically performed under general supervision. May be viewed as subject matter expert on variety of tasks. The functions include transactions related to Property Preservations, Foreclosures, Forbearances, Escrow & Corporate Advances, Loss Mitigation, Bankruptcy, related expenses /invoices, and other applicable risk factors.
- Responsible for conducting tasks audits, as per the business needs. Provides insights, risk management and technology expertise.
- Meet Process Key Performance Indicators
- Perform audits spanning a variety of process complexity
- Identify and execute on remediation efforts
- Assist with quality test script production and execution
- .Maintaining compliance with company and legal standards.
- Attend production calls with Business as needed.
- Deliver reports and recommendations based on completed and assisted efforts
- Support Risk Project Teams and others as identified
- Experience on US Mortgage and Title products is a must.
- Production Support
- Performance management
- Auditing and reporting techniques
- US Mortgage Advanced Knowledge on Loan Documents
Qualification: Any Graduate
Job Requirements:
- Minimum of 2 years experience in processing mortgage and title documents.
- Preference given to candidates with experience in default loan servicing.
